Biggest banknote in Venezuela has lost 80% of its value in 2 years, from 20 USD to 4 USD.
Hi here, as you probably know Venezuelan living here.
This has to be one of the main reasons of Bitcoin, stop the politicians and central banks destroy the life of people.
This banknote is 100 Bs. (No more zeroes after 14 zeroes were removed since 2007, this would have been 10,000,000,000,000,000) when it was released two years ago it could be exchanged for a little bit more than 20 USD, now barely 4 USD. They even stopped having different designs and all the banknotes are almost the same, only change is color and value (5-10-20-50 and 100).
That is almost 80% of the monthly minimum wage (130 Bs.), even when now a food bonus of around 60 USD monthly was approved , a 5 members family needs more than 500 USD monthly to "live" and average wage is around 120 USD monthly
As I always say it's not the same your support or hope with Bitcoin if your FIAT is the USD, EURO or Pound, that when it is a FIAT shitcoin like the Bolivares.
What is crazy is that we are not the worst ones in South America, Argentina
Wish you the best to everyone here!